The following table presents the activity in the liability for unpaid loss and loss adjustment expense ("LAE") for the three months ended March 31, 2026 and 2025 ($ in millions):


	March 31,
	2026		2025
Unpaid loss and LAE at beginning of period	$	303.1	$	298.1
Less: Reinsurance recoverable at beginning of period (1)	133.8		149.5
Net unpaid loss and LAE at beginning of period	169.3		148.6
Add: Incurred loss and LAE, net of reinsurance, related to:
Current year	137.3		95.8
Prior years	(4.0)		(10.4)
Total incurred	133.3		85.4
Deduct: Paid loss and LAE, net of reinsurance, related to:
Current year	74.3		43.4
Prior years	43.7		34.7
Total paid	118.0		78.1

Unpaid loss and LAE, net of reinsurance recoverable, at end of period	184.6		155.9
Reinsurance recoverable at end of period (1)	124.2		151.4
Unpaid loss and LAE, gross of reinsurance recoverable, at end of period	$	308.8	$	307.3